Thailand’s Ascend Money Backed By CP Group Reaches $1.5 Billion Valuation

Ascend Money—backed by Charoen Pokphand Group, which is controlled by Thailand’s richest man Dhanin Chearavanont and his family—said Monday it had raised $150 million from new and existing investors, boosting its valuation to $1.5 billion.
Ascend Money—backed by Charoen Pokphand Group, which is controlled by Thailand’s richest man Dhanin Chearavanont and his family—said Monday it had raised $150 million from new and existing investors, boosting its valuation to $1.5 billion.